Guideline Value for J P WATCH MAN (PER)

J P Watch Man (Per) guideline value

The current guideline value of J P Watch Man (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of J P Watch Man (Per) has changed

The guideline value for J P Watch Man (Per) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. After this decline, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then further to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the changes in guideline values are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing J P Watch Man (Per) below this median.

• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in J P Watch Man (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J P Watch Man (Per)?

The Sub Registrar Office that covers J P Watch Man (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value can differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value is updated periodically, and it is advisable to check the most recent figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of J P Watch Man (Per)?

The current guideline value of J P Watch Man (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for J P Watch Man (Per)?

J P Watch Man (Per) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How is the stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.